Liberty Life Insurance Company Opens Sales and Marketing Office
Liberty Life Insurance Company, a subsidiary of Athene Holding Ltd., has expanded its retail annuity operations into the Northeast financial corridor with the opening of a new sales and marketing office in Wilmington, Delaware.
The 6,000 square foot facility, located at 500 Delaware Avenue along the western gateway to Wilmington’s Central Business District, is home to around 20 senior and support staff in sales, marketing and product development, including the company’s annuity sales desk.
“We’ve opened the doors to an exciting new phase in Athene’s growth as a market-leading retirement services company,” said Chris Grady, head of retail. “Our Wilmington office is a premier facility in a premier location, where we’re ideally positioned to expand distribution and provide our agents and marketing partners with best-in-class sales support.”
About Liberty Life Insurance Company
Headquartered in Greenville, S.C., Liberty Life Insurance Co. provides retirement income solutions that help Americans prepare for the future. For over a century, Liberty Life has earned the trust of its policyholders through financial stability, integrity and service.
About Athene Holding Ltd.
Athene Holding Ltd., a Bermuda-based holding company, and its insurance subsidiaries focus on retail sales of annuities and reinsurance in the U.S. retirement services market, and sales of institutional funding agreements. Athene supports its liabilities by investing in a diversified portfolio of highly-rated, liquid, fixed income securities. Athene’s principal subsidiaries include Athene Life Re Ltd., a Bermuda-based reinsurer focused on the retirement services market; Liberty Life Insurance Company, a Delaware-domiciled stock life insurance company focused on retail sales and reinsurance in the retirement services market; and Athene Life Insurance Company, an Indiana-domiciled stock life insurance company focused on the institutional funding agreement market. Athene has approximately $500 million of capital and surplus supporting approximately $6 billion in reserves.
Athene’s management team has many years of experience managing net investment spread businesses within life insurance companies. James R. Belardi, the chief executive officer of Athene Holding Ltd., previously served as President of SunAmerica Life Insurance Company and Executive Vice President and Chief Investment Officer of AIG Retirement Services.